Posted September 28, 2018 07:53:13Oil prices are currently hovering around $50 per barrel, and that’s a very low price to pay for cheap oil.
There are a lot of factors that go into a low oil price.
One of them is the glut of oil, the fact that there are so many supply-side problems.
The glut is exacerbated by a glut of cheap oil, and we’re still waiting to see how much supply there is going to be, and how much it will be priced.
Another factor is that we’re all living in a global economy, and if you look at what’s happening in Europe and Japan, the global economy is doing pretty well, even though the world economy is not as strong as it used to be.
The global economy continues to grow, but the global oil market is a little bit slower than it used